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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
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Mar. 31, 2015
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Mar. 31, 2014
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| Operating Activities | ||
| Net income (loss) | $ (44,866)us-gaap_NetIncomeLoss | $ 45,129us-gaap_NetIncomeLoss |
| Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities: | ||
| Loss from discontinued operations, net of income taxes | 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax | 4,643us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax |
| Depletion, depreciation, accretion and impairment | 86,154us-gaap_ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions | 44,264us-gaap_ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions |
| Deferred tax recovery | (2,356)us-gaap_DeferredForeignIncomeTaxExpenseBenefit | (2,260)us-gaap_DeferredForeignIncomeTaxExpenseBenefit |
| Non-cash stock-based compensation | (513)us-gaap_ShareBasedCompensation | 1,480us-gaap_ShareBasedCompensation |
| Unrealized foreign exchange gain | (9,037)us-gaap_ForeignCurrencyTransactionGainLossUnrealized | (4,178)us-gaap_ForeignCurrencyTransactionGainLossUnrealized |
| Unrealized financial instruments gain | (2,399)us-gaap_UnrealizedGainLossOnInvestments | (2,409)us-gaap_UnrealizedGainLossOnInvestments |
| Cash settlement of asset retirement obligation | (1,425)us-gaap_AssetRetirementObligationCashPaidToSettle | 0us-gaap_AssetRetirementObligationCashPaidToSettle |
| Net change in assets and liabilities from operating activities of continuing operations | ||
| Accounts receivable and other long-term assets | 13,484gte_IncreaseDecreaseInAccountsReceivableAndOtherLongTermAssets | (53,396)gte_IncreaseDecreaseInAccountsReceivableAndOtherLongTermAssets |
| Inventory | 2,159us-gaap_IncreaseDecreaseInInventories | (574)us-gaap_IncreaseDecreaseInInventories |
| Prepaids | 528us-gaap_IncreaseDecreaseInPrepaidExpense | 551us-gaap_IncreaseDecreaseInPrepaidExpense |
| Accounts payable and accrued and other long-term liabilities | (22,369)gte_IncreaseDecreaseinAccountsPayableAccruedLiabilitiesandOtherLiabilities | (16,812)gte_IncreaseDecreaseinAccountsPayableAccruedLiabilitiesandOtherLiabilities |
| Taxes receivable and payable | (19,983)us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable | 18,461us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable |
| Net cash (used in) provided by operating activities of continuing operations | (623)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 34,899us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| Net cash provided by operating activities of discontinued operations | 0us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations | 1,265us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations |
| Net cash (used in) provided by operating activities | (623)us-gaap_NetCashProvidedByUsedInOperatingActivities | 36,164us-gaap_NetCashProvidedByUsedInOperatingActivities |
| Investing Activities | ||
| (Increase) decrease in restricted cash | (497)us-gaap_IncreaseDecreaseInRestrictedCash | 507us-gaap_IncreaseDecreaseInRestrictedCash |
| Additions to property, plant and equipment | (127,770)us-gaap_PaymentsToAcquireOilAndGasPropertyAndEquipment | (68,159)us-gaap_PaymentsToAcquireOilAndGasPropertyAndEquipment |
| Net cash used in investing activities of continuing operations | (128,267)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (67,652)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| Net cash used in investing activities of discontinued operations | 0us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations | (6,987)us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations |
| Net cash used in investing activities | (128,267)us-gaap_NetCashProvidedByUsedInInvestingActivities | (74,639)us-gaap_NetCashProvidedByUsedInInvestingActivities |
| Financing Activities | ||
| Proceeds from issuance of shares of Common Stock | 502us-gaap_ProceedsFromIssuanceOfCommonStock | 628us-gaap_ProceedsFromIssuanceOfCommonStock |
| Net cash provided by financing activities | 502us-gaap_NetCashProvidedByUsedInFinancingActivities | 628us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Net decrease in cash and cash equivalents | (128,388)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (37,847)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents, beginning of period | 331,848us-gaap_CashAndCashEquivalentsAtCarryingValue | 428,800us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents, end of period | 203,460us-gaap_CashAndCashEquivalentsAtCarryingValue | 390,953us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Non-cash investing activities: | ||
| Net liabilities related to property, plant and equipment, end of period | $ 55,335gte_NonCashWorkingCapitalAndNetAssetsAndLiabilitiesRelatedToCapitalAdditions | $ 87,859gte_NonCashWorkingCapitalAndNetAssetsAndLiabilitiesRelatedToCapitalAdditions |
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- Definition
Increase (Decrease) in Accounts Payable, Accrued Liabilities and Other Liabilities No definition available.
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- Definition
Increase (Decrease) in Accounts Receivable and Other Long-term Assets No definition available.
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- Definition
Period end non-cash working capital balances and net assets and liabilities related to property, plant and equipment. No definition available.
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- Details
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- Definition
Amount of cash paid during the period to settle an asset retirement obligation. Amounts paid to settle an asset retirement obligation are generally included in the operating section of the Statement of Cash Flows. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) of investing activities of discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) of operating activities of discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred foreign income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before tax of foreign currency transaction unrealized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amounts payable to taxing authorities for taxes that are based on the reporting entity's earnings, net of amounts receivable from taxing authorities for refunds of overpayments or recoveries of income taxes. No definition available.
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to purchase long lived physical asset for use in the normal oil and gas operations and to purchase mineral interests in oil and gas properties not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Depreciation, depletion and amortization, and valuation provisions (impairments) related to oil and gas producing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of investments, not including unrealized gains or losses on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity, held at each balance sheet date and included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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